ASAHI INDIA Announces Quarterly Results (3QFY20); Net Profit Down 44.8%

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ASAHI INDIA Announces Quarterly Results (3QFY20); Net Profit Down 44.8%
Fri, 14 Feb

ASAHI INDIA has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

ASAHI INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m6,8176,4586,8496.1%0.5%
Other incomeRs m454134-16.8%-24.9%
TurnoverRs m6,8626,4996,8835.9%0.3%
ExpensesRs m5,4095,3755,6966.0%5.3%
Gross profitRs m1,4021,0831,1183.2%-20.2%
DepreciationRs m3053373431.7%12.4%
InterestRs m351379369-2.7%5.1%
Profit before taxRs m7924094418.0%-44.3%
TaxRs m270154153-0.7%-43.4%
Profit after taxRs m52225528813.2%-44.8%
Gross profit margin%20.616.816.3
Effective tax rate%34.137.734.7
Net profit margin%7.63.94.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 0.5% on a year-on-year (YoY) basis. The expenses were up by 5.3% YoY during the same period.
  • The company's operating profit declined by 20.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.3% in 3QFY20 as against 20.6% in 3QFY19.
  • Depreciation charges increased by 12.4% and finance costs increased by 5.1% YoY, respectively.
  • Other income declined by 24.9% YoY during the quarter.
  • Net profit for the quarter declined by 44.8% YoY. Net profit margins during the quarter declined from 7.6% in 3QFY19 to 4.2% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.0% QoQ during the same period.
  • The company's operating profit increased by 3.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.3% in 3QFY20 as against 16.8% in 2QFY19.
  • Net profit for the quarter increased by 13.2% QoQ, while net profit margins increased from 3.9% in 2QFY19 to 4.2% in 3QFY20.

To see how ASAHI INDIA has performed over the last eight quarters,please visit here.

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ASAHI INDIA Share Price Performance

Over the last one year,ASAHI INDIA share price has moved down from Rs 255.5 to Rs 252.5, registering a Loss of Rs 3.0 or around 1.2%.

Overall, the S&P BSE SENSEX is up 14.4% over the year.

Current Valuations

At the current price of Rs 252.5, the price to earnings (P/E) ratio of ASAHI INDIA stands at 45.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.0 times.

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